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Tuesday, November 12, 2019 20:58 GMT
Lukoil, Russia's second largest oil producer, does not plan to invest in Saudi Aramco's planned initial public offering, its CEO and biggest shareholder, Vagit Alekperov, told reporters on Monday. Saudi state oil giant Aramco plans to start the offering, set to rank it as the world's most valuable company, on Nov. 17. It has not said how much of the company will be floated or named any cornerstone investors. "Lukoil is not considering investing in Saudi Aramco shares. Lukoil is not an...More